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Tourmaline Oil Corp. (TOU:CA) Q1 2026 Earnings Call Trans...
SA Transcripts · 2026-05-08 · via All Articles on Seeking Alpha

Q1: 2026-05-06 Earnings Summary

EPS of $0.78 misses by $0.24

 | 

Revenue of

$2.06B

(43.35% Y/Y)

beats by $471.48M

Tourmaline Oil Corp. (TOU:CA) Q1 2026 Earnings Call May 7, 2026 11:00 AM EDT

Company Participants

W. Kirker - Chief Legal Officer & External Affairs
Michael Rose - CEO, President & Non-Independent Chairman of the Board
James Heard - Vice President of Capital Markets
Brian Robinson - CFO & Non-Independent Director

Conference Call Participants

George Burwell - Jefferies LLC, Research Division
Patrick O'Rourke - ATB Cormark Capital Markets Inc., Research Division
Margaret Drefke - Goldman Sachs Group, Inc., Research Division
Josef Schachter - Schachter Energy Research Services Inc.
James Kubik - CIBC Capital Markets, Research Division
Fai Lee - Odlum Brown Limited, Research Division

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to the Tourmaline Q1 2026 Results Conference Call. [Operator Instructions] This call is being recorded on Thursday, May 7, 2026.

I would now like to turn the conference over to Scott Kirker, Chief Legal Officer. Please go ahead.

W. Kirker
Chief Legal Officer & External Affairs

Thank you, operator, and welcome, everyone, to our discussion of Tourmaline's financial and operating results as at March 31, 2026, and for the 3 months ended March 31, '26 and '25. My name is Scott Kirker, and I'm the Chief Legal Officer here at Tourmaline Oil Corp.

Before we get started, I refer you to the advisories on forward-looking statements contained in the news release as well as the advisories contained in the Tourmaline annual information form and our MD&A available on SEDAR and on our website. I also draw your attention to the material factors and assumptions in those advisories.

I'm here with Mike Rose, Tourmaline's President and Chief Executive Officer; Brian Robinson, our Chief Financial Officer; and Jamie Heard, Tourmaline's Vice President of Capital Markets. We will start with Mike speaking to some of the highlights of the last quarter and the full 2025 year. After his remarks, we'll be open for questions. Mike, go